The invention discloses a low-cost, low-power consumption and high-performance automatic Q value adjustment amplitude limiting circuit, which comprises a rectification filter unit, a voltage detection unit and a drain unit, wherein the rectification filter circuit samples antenna voltage, and performs shaping processing to form sampled voltage VLM; the voltage detection unit compares the sampled voltage VLM with set internal reference voltage to obtain a drain control signal VC1; and the drain unit controls the current of a low-impedance path from an antenna to the ground according to the drain control signal VC1. The rectification filter unit of the circuit samples the voltage at the two ends of the antenna by utilizing a sampling diode and a sampling capacitor, the introduction of the sampling diode is favorable for reducing the influence of the amplitude limiting circuit on antenna resonance, and the adoption of the sampling capacitor greatly reduces pulse noises produced when the amplitude limiting circuit works; and a voltage division diode of the voltage detection unit adopts a diode connection method for P-channel metal oxide semiconductor (PMOS) transistors, and by the method, a territory area can be reduced and the influence of bulk effects on the circuit can be eliminated.